tax query

POSTED BY rajan.panchal24 ON September 5, 2013 4:47 pm COMMENTS (5)

Hi,

Recently my brother deposited some amount in my bank account. Is this amount taxable?

 

Thanks,

Rajan

 

5 replies on this article “tax query”

  1. Anshuk Jain says:

    depends on why he gave you that money..

  2. Dear Rajan, this amount is not taxable.

    thanks

    Ashal

  3. sunil says:

    Yes Manish, thanks for the correction. :).

  4. sunil says:

    Every rupee coming into your account (under your PAN) is accountable as your income.

    Guys please correct me if i am wrong.

    1. No Sunil . Its not like that . Not every rupee . It might happen that some thing has come as a GIFT or something has come as non-income like reimbursement for something .

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.